Port3 was exploited by hackers this morning, who minted, sold, and burned tokens through a vulnerability, causing the token price to drop by over 82% cumulatively.
BlockBeats news, on November 23, AI intelligent agent Port3 Network issued a security alert on social media this morning, stating that a hacker exploited a vulnerability in BridgeIn to mint an additional 1 billion tokens. To protect users, the team has removed part of the liquidity and is preparing to communicate with the hacker.
On-chain data shows that the hacker sold a large number of tokens on-chain, but did not deposit them into any CEX. Afterwards, the Port3 team removed on-chain liquidity, preventing the hacker from further cashing out. Some trading platforms have also closed deposit channels. The hacker eventually burned all remaining tokens.
Market data shows that as of press time, this incident caused the PORT3 token to drop by 82%, falling from $0.037 this morning to a low of $0.0066, and now rebounding to $0.0086. The market cap is only $4.05 million, with an FDV of $8.11 million.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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